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Shareholders approve proposed separation of cloud and power business via bonus share distribution
FLEXFlex Ltd.
Flex Ltd. shareholders approved three proposals at an Extraordinary General Meeting on November 2, 2026, to facilitate the proposed separation of its cloud and power infrastructure business. The vote authorized the issuance of one bonus ordinary share for each existing share held by record holders, alongside a court-approved capital reduction to distribute between approximately 88.0% and 94.0% of Axiom Solutions International, Inc. common stock on a pro rata basis. Additionally, shareholders approved an additional annual cash compensation of $50,000 for the Lead Independent Director. Flex Ltd. operates in the electronics manufacturing services industry.